Personal Liability, Laws and Regulations for Compliance Officers This webinar will focus on the personal liability laws and regulations for compliance officers. Attendees will learn how to structure the role of the compliance officer to mitigate occupational risk, liability, and the possibility of legal action. Why Should You Attend: The corporate landscape is always changing with new trends emerging to respond to recent events. In the wake of cascading financial crises, regulatory bodies are now looking to individuals within the firm to hold personally liable. The motivation is clear: while it is difficult or impossible to bankrupt or imprison a firm, it is much easier to exact a painful justice on an individual. No longer reserved for top management and chief officers, compliance professionals and those in risk management positions are now seen as personally liable for failure on the part of the firm at large or even just the sales department failing to comply with existing regulation. In this new territory where a regulatory office within a firm can be held responsible for the wrongdoing of any employee under their oversight, new tools and techniques are required to achieve a higher level of compliance and to protect compliance officers from facing criminal charges in the worst case scenario. The entire structure of the firm, in many cases, has to be reexamined to better protect the organization from regulatory assault. This webinar will explore the emergence of the personal liability of compliance officers within the standard compliance framework. It will examine court cases and legal action wherein compliance professionals are held personally liable for the wrongdoing of the overarching organizations. This webinar will teach those in the compliance field or any field related to it how best to structure the role of compliance officers to mitigate occupational risk, liability, and the possibility of legal action.
Areas Covered in the Webinar:
Recent history of compliance liability at firm level Emergence of personal liability Strategies for mitigating personal liability including o Best practice
Allocation of time resources o Distribution of control/responsibility within corporate structure Case studies of relevant personal liability action taken by governments against compliance officers How does personal liability alter the compliance landscape o
Who Will Benefit:
Compliance Officers Financial Officers Risk Officers Internal Auditors Operational Risk Managers Staff with roles and responsibilities in operational risk or risk management departments, businesses and central departments. Anyone who oversees compliance officers, operational risk managers or internal auditors and is therefore responsible for ensuring the position is properly defined
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